Boston Trust Walden Corp Trims Stake in RPM International Inc. (NYSE:RPM)

Boston Trust Walden Corp cut its stake in shares of RPM International Inc. (NYSE:RPM) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 493,999 shares of the specialty chemicals company’s stock after selling 5,302 shares during the period. Boston Trust Walden Corp owned about 0.38% of RPM International worth $59,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Forsta AP Fonden lifted its stake in shares of RPM International by 166.7% during the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after buying an additional 43,000 shares in the last quarter. Eastern Bank purchased a new position in shares of RPM International in the third quarter valued at about $41,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of RPM International by 3.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 21,585 shares of the specialty chemicals company’s stock worth $2,612,000 after acquiring an additional 657 shares during the period. Whittier Trust Co. grew its position in shares of RPM International by 4.4% during the third quarter. Whittier Trust Co. now owns 43,460 shares of the specialty chemicals company’s stock worth $5,259,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in RPM International during the 3rd quarter valued at approximately $1,095,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RPM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada raised their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. UBS Group decreased their price target on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Mizuho reduced their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, RPM International has an average rating of “Hold” and a consensus price target of $129.70.

RPM International Trading Down 1.3 %

NYSE RPM traded down $1.70 on Friday, hitting $128.45. 343,149 shares of the stock were exchanged, compared to its average volume of 640,335. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International Inc. has a 52-week low of $88.84 and a 52-week high of $134.56. The firm has a market capitalization of $16.53 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.95 and a beta of 1.00. The stock has a fifty day moving average price of $123.05 and a two-hundred day moving average price of $115.39.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. Research analysts forecast that RPM International Inc. will post 5.55 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a dividend of $0.51 per share. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, October 18th. RPM International’s dividend payout ratio (DPR) is currently 42.77%.

Insider Activity at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,409 shares of company stock worth $7,699,553 in the last quarter. 1.60% of the stock is owned by company insiders.

RPM International Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.